Wia Gold (ASX: $WIA) Quarterly Activities Report highlights

Wia Gold Limited (ASX: $WIA) has released its Quarterly Activities Report for the period ended 30 June 2024, focusing on the significant increase in the Mineral Resource Estimate (MRE) at the Kokoseb Gold Project in Namibia. The updated MRE stands at 2.12 Moz at 1.0 g/t gold, representing a 63% increase from the previous estimate. The company also commenced a 10,000m RC drilling program at the Bouallé Project in Côte d'Ivoire. Additionally, key corporate appointments were made, including Mr Josef El-Raghy as Executive Chairman and Mr Scott Funston as CFO.

Executive Commentary on Quarterly Activities

Wia Gold's focus on increasing the quantity and quality of ounces through the drilling program at the Kokoseb Gold Project has yielded promising results. The 63% increase in the Mineral Resource Estimate demonstrates the potential for significant growth and value creation. The ongoing drilling activities at both the Kokoseb and Bouallé projects reflect our commitment to aggressive MRE growth and exploration. The recent appointments of Mr Josef El-Raghy as Executive Chairman and Mr Scott Funston as CFO further strengthen our leadership team, positioning the company for continued success.

Summary of Wia Gold's Quarterly Activities Report

Wia Gold's Quarterly Activities Report highlights the substantial increase in the Mineral Resource Estimate at the Kokoseb Gold Project, signaling a positive outlook for the company's growth. The ongoing drilling activities at Kokoseb and the commencement of a 10,000m RC drilling program at the Bouallé Project underscore the company's commitment to aggressive MRE growth and exploration. The corporate appointments of Mr Josef El-Raghy as Executive Chairman and Mr Scott Funston as CFO bring valuable expertise to the leadership team. With a cash balance of A$15.178 million and zero debt, Wia Gold is well-positioned to execute its exploration and growth strategies, driving value for its shareholders.